Financial Services

ICON

At ICON Property Management we prioritize excellence in accounting and financial management to ensure the integrity and success of your condominium community. Our team of experts leverage industry-leading software to provide reliable timely financial insights tailored to the unique needs of condominium corporations.

Our Services Include

Monthly Financial Statements

Delivered by the 20th of each month to keep the board of directors up to date on the condominium’s financial health.

Audit Preparation

Comprehensive support during the annual audit process, ensuring all requirements are meticulously met for compliance.

Budget Preparation

Expert guidance in crafting accurate annual budgets, in consultation with the corporation’s key stakeholders.

Investment Services

Strategic financial planning and investment management to align with community goals, with regular progress updates.

Accounts Receivable and Payable Management

Utilizing the latest technology for efficient tracking and management of financial transactions.

Payment Automations and EFT Options

Streamlined solutions for timely and secure payments, enhancing operational efficiency.

ICON’s Advance Payment Platform

Our Advanced Payment Platform (APP) revolutionizes the accounts payable process for condominium communities by providing a fully integrated and paperless solution. This platform enhances efficiency by automating the invoice approval process, speeding up vendor payments, and eliminating the need for physical cheque signing. With APP, administrative tasks and data entry are automated, allowing your community to focus more on strategic financial decisions and less on manual processes.

Eliminate Data Entry

Invoice data is automatically extracted and seamlessly synced to ICON’s accounting software once an invoice has been approved by the manager.

Utility Invoices Downloaded Automatically

APP connects directly to the corporation’s online utility portals to download invoices automatically.

One-Click Digital Approvals

Invoices are approved electronically to drastically reduce the Corporation’s accounts payable cycle time.

Hassle-Free Payments

APP eliminates the physical review and cheque signing process.

Work From Anywhere

Managers and board members can access APP remotely to run a corporation’s accounts payable process from any location.

Audit-Proof Books

APP keeps a complete record of invoice routing and approvals to ensure compliance measures are met.

Vendor Compliance

APP keeps vendor records in check, with duplication screening and insurance compliance alerts.

Quick Coding

Recurring invoices can be set up to be coded automatically to reduce payment processing times.

Ready to Enhance Your Financial Operations?

Take the first step towards streamlined and transparent financial management today. Contact us to request a detailed proposal tailored to your community’s needs. Let ICON Property Management help you achieve financial excellence and peace of mind.